The Council of Europe and the Parliament will discuss the rules in the proposed framework.
The framework proposed by the European Union to regulate crypto is one step closer to approval.
According to the website of the Council of Europe, which sets the EU’s political agenda, it has accepted its position within the framework of Markets in Crypto Assets (MiCA). This means that the Council of Europe and the European Parliament can start negotiations before adopting the law. However, the European Council has the negotiation mandate to discuss MiCA with the European Parliament.
The MiCA framework promises to facilitate the expansion of crypto firms across the EU with an appropriate license. The framework was first introduced by the European Commission, the executive body of the European Union, in September 2020.